JPMorgan Chase & Co. Reiterates “Underweight” Rating for Rightmove (LON:RMV)

Rightmove (LON:RMV)‘s stock had its “underweight” rating reiterated by research analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday,Digital Look reports.

Separately, Royal Bank of Canada raised their price objective on Rightmove from GBX 630 ($8.16) to GBX 750 ($9.71) and gave the company a “sector perform” rating in a research note on Monday, March 3rd.

Rightmove Price Performance

Rightmove stock traded down GBX 4.60 ($0.06) during midday trading on Wednesday, reaching GBX 667.40 ($8.64). The company’s stock had a trading volume of 3,398,957 shares, compared to its average volume of 9,856,716. The firm has a market capitalization of £5.20 billion, a PE ratio of 26.77, a P/E/G ratio of 2.58 and a beta of 1.05. Rightmove has a fifty-two week low of GBX 499.20 ($6.46) and a fifty-two week high of GBX 710 ($9.19). The stock’s 50 day simple moving average is GBX 658.62 and its 200 day simple moving average is GBX 641.20. The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.55 and a current ratio of 1.83.

Rightmove (LON:RMV) last issued its earnings results on Friday, February 28th. The company reported GBX 12.80 ($0.17) earnings per share for the quarter. Rightmove had a net margin of 52.69% and a return on equity of 293.54%. On average, equities research analysts forecast that Rightmove will post 30.2327791 earnings per share for the current year.

About Rightmove

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms.